MineCoin ‘Central Bank’ Claims to Solve Cryptocurrency Volatility

Minex, the team behind MineCoin, has announced a new “ecosystem.” Aimed at decreasing price volatility, the firm said the platform will make “MineCoin as [sic] a new payment unit based on blockchain technology.”

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Referencing the growing interest in blockchain from major institutions like Banco Santander, Barclays and UBS, Minex argued that cryptocurrency’s volatility posed the main obstacle to mainstream adoption.

“The volatile nature of Bitcoin and other cryptocurrencies has prevented them from being widely adopted as a medium of value transfer,” the team told press.

“This has prevented many merchants from accepting cryptocurrency payments from their customers,” they continued.